trending Market Intelligence /marketintelligence/en/news-insights/trending/h2G0JkibUgpskhsZ3OW98w2 content esgSubNav
In This List

UK wealth manager Charles Stanley to restructure management

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


UK wealth manager Charles Stanley to restructure management

U.K. wealth manager Charles Stanley Group PLC plans to restructure its management to reduce costs and simplify its organizational structure.

The company said May 9 that three senior roles are at risk — head of investment management, managing director of Charles Stanley Direct and head of asset management. Gary Teper is currently the group's head of investment management services, while Christopher Aldous is head of asset management and distribution. Magnus Wheatley is the managing director of Charles Stanley Direct.

Those whose roles will be affected were already informed about the plan and are in a formal consultation process that is expected to conclude by May 22. The company said it will look to redeploy them to other roles where possible.